Trumpf Venture joins Series A funding round for Carbice
Financing of New Material Development Trumpf Venture joins Series A funding round for Carbice Related Companies (Source: Public Domain / Pixabay )
Germany The US start-up Carbice produces Carbice Carbon, a product that lowers device temperatures and dissipates heat away from product packaging. It is being used in space applications within satellites as well as in many terrestrial applications and leads the industry on long-term reliability in diverse operational environments. Carbice Carbon technology provides the only thermo-interface solution on the market allowing for thermo-connectivity management that is simple to make and easy to handle, apply and rework. The funds provided by the Series A round is earmarked for attracting top talent to help grow their sales and marketing functions and ena
86.2
97.2 Based on Total Return to Shareholders at 30 September 2020, a Performance Incentive is expected to become due to management. The Performance Incentive has been estimated at 1.2p per DSO D Share. No provision has been included in the accounts as the conditions of the Performance Incentive fee have not yet been met.
Chairman’s Statement
I present the Company’s Half-Yearly Report for the six months ended 30 September 2020.
When the Company last reported to Shareholders in July, the economy was continuing to suffer from the severe disruption caused by the coronavirus pandemic, although it appeared that the world was starting to take the first steps back to normality. We now know that the path back to something approaching normal is longer than we had envisaged at that time.
I present the Company’s half-yearly report for the six-month period ended 30 September 2020.
When I last reported to shareholders in July, the UK was just starting to come out of the first lockdown, and it was clear that some of the portfolio companies had been significantly negatively impacted by the coronavirus pandemic. Since then, we have seen the setback of the second wave and a further government-imposed lockdown.
Although some investments have been further hindered by the ongoing pandemic, particularly those within the leisure and hospitality sectors, many have now been able to adapt to the conditions and some have been able to benefit from the new environment, for example in the education technology sector.